GBP/JPY is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GBP/JPY continues in its current trajectory, we could see it reach 162.4189 within the next 3 days.

Want to get full Autochartist Access including the Autochartist Market Scanner, email reports,
Mobile App, and the full Autochartist Web App?
Subscribe here: ChartViper Subscriptions